As I predicted, the short volume is over 200M. This can't be done by individual traders. The reason hard to break penny with high volume and recent crash is because of this short, not dilution. It can only be done by MM and they didn't cover it.
They should cover it (In 5 days, I remember according to SEC rule)but what I am worrying is that MMs don't care about that rule.
I do not expect the short covering. If they just stop shorting, trend will turn around.
The FINRA short data comprises unsettled trades. Trades that are not made in-house ( eg TDA buyer from a TDA seller ) take up to 3 market days to locate and deliver the traded shares. Those trades are referred to as short sales until settled...NOT short positions.
You can check them out there. do you see the last numbers 20110728 That represents 7-28-2011 shorts. Just change the date and u get the shorts for that day. So late tomorrow put in the link